UK hospitality and drinks trade groups warn Chancellor Rachel Reeves against raising alcohol excise duties, risking industry losses and revenue decline.
UK hospitality and drinks trade groups have cautioned Chancellor Rachel Reeves against raising alcohol excise duties in the upcoming Budget, citing potential harm to an industry that contributes £15 billion annually to public finances. They argue that increased taxes could decrease sales and government revenue. The Wine & Spirit Trade Association has called for a two-year freeze on alcohol duties, emphasizing that prior tax hikes have already led to significant revenue losses.
September 23, 2024
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